Ruchi Soya Industries' follow-on share sale (FPO) has seen withdrawal of bids in all four categories, latest data provided by stock exchanges shows.
The qualified institutional buyer (QIB) category is now subscribed 1.6 times down from 2.2 times yesterday. The high networth individual (HNI) category is subscribed 9 times, down from nearly 12 times a day ago.
Retail portion has seen cancellation of over half the bids. The category is now subscribed 40 per cent down from 90 per cent a day earlier. Meanwhile, the employee portion too has see reduction in subscription levels from nearly 8 times on Monday to below 5 times at present.
The above quoted figures are from BSE as on 11:26am IST.
Dear Reader,
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.
Digital Editor
RECOMMENDED FOR YOU